Talk of The Villages Florida - View Single Post - Establishing Florida Residency
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Old 04-17-2024, 09:00 AM
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Quote:
Originally Posted by Villager-2024 View Post
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I saw someone mention to move your money from old State - you do not need to do that. Just because your bank is a State other than FL doesn't mean that State collects taxes - you file taxes based on residency. I have no FL bank account and do not need one. No one look at your cell phone records or cares if you sold a house in old State - many people own multiple houses in many states.
Depends on your old state & how much money you are denying their treasury. If it is worth the state's time, they will try (varies, depending on the old state - mine does try). If you are a bazillionaire, they will try to audit you to prove you didn't leave. Yes, in general, in most states & in most cases, you just pick up & leave. If you win a big lottery on your way out of the door, they will try to get a piece. The best idea is to keep records & receipts & toss them once the state doesn't chase after you.